Stifel Nicolaus Cuts Essex Property Trust (ESS) to Hold, Shares Down 2%

Shares of Essex Property Trust (NYSE: ESS) are underperforming the broader stock market sharply Wednesday morning following an earlier downgrade from Stifel Nicolaus' Rod Petrik. While the Dow Jones is just barely hanging onto positive territory, shares of Essex are down 2 percent to $145.70.

The Stifel analyst now rates Essex shares a Hold, down from Buy previously.

For an analyst ratings summary and ratings history on Essex Property Trust click here. For more ratings news on Essex Property Trust click here.

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